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Zonda’s cold wallet, containing 4,503 BTC valued at approximately $334 million, remains inaccessible due to a missing private key. CEO Przemys?aw Kral stated that the key was never transferred during the company’s handover. The founder, Sylwester Suszek, who was responsible for providing it, has been missing since 2022. Kral denied allegations of embezzlement, attributing the surge in withdrawals to negative media coverage. Zonda plans to pursue legal action against false reports and will fulfill all client obligations. The exchange, rebranded from BitBay in 2021, operates amid volatile BTC price conditions. Traders are also monitoring altcoins for potential rebounds.

Odaily Planet Daily reports that exchange Zonda stated that a cold wallet holding 4,503 bitcoins (valued at approximately $334 million) is currently inaccessible. In a video statement, Zonda’s CEO Przemys?aw Kral said the private key for this wallet was never transferred during the company handover. The private key was supposed to be handed over by Zonda’s founder and former CEO, Sylwester Suszek, who has been missing since 2022. Przemys?aw Kral denied allegations of fund misappropriation, noting that an unusual surge in withdrawal requests was triggered by negative media coverage. Zonda plans to take legal action against false statements and pledged to fulfill its obligations to customers. The exchange was renamed from BitBay to Zonda in 2021.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.